The Reforming America’s Taxes Equitably (RATE) Coalition – whose affiliated companies represent over 30 million employees in all 50 states – released the following statement on the passage of the Tax Cuts and Jobs Act Conference Report by the House of Representatives:
“Today, the House made this moment a milestone. With the Tax Cuts and Jobs Act one chamber away from President Trump’s desk, the American people are now closer than they’ve been in decades to the fairer, simpler tax code they deserve.
“The TCJA’s achievement of a globally competitive corporate tax rate, as recognized by leading analysts and a chorus of leaders from both political parties, is the catalyst capable of spurring an engine of economic growth in America. Fixing our broken tax system – one that includes the highest corporate rate in the industrialized world – will boost job creation, unleash greater investment, and reverse the tide of American businesses fleeing for cheaper shores overseas.
“Thanks to the tireless leadership of the Trump Administration, Speaker Ryan, and Chairman Brady, the House seized this once-in-a-generation opportunity to deliver historic tax reform. We urge the Senate to follow suit.”